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Letzte Aktualisierung: March 7, 2022

Stability for Xi – despite war, Covid and Evergrande

Although China is showing great resilience, it has lowered its growth target to 5.5 percent. In times of war and sanctions, there are simply no winners. The strong tendency toward autarky at the current People's Congress is also bad news for German companies. The recently highly praised strategy of dual circulation, on the other hand, was not mentioned at all.
Finn Mayer-Kuckuk
Finn Mayer-Kuckuk
It is part of the ritual of the National People's Congress to refer to the great difficulties that lie ahead this year. Premier Li Keqiang, however, did not even mention the war in Europe once in his annual speech. He did, however, speak of a "grave and uncertain" outlook – and let a number speak for itself. The party has set its growth target at 5.5 percent, the lowest since 1991.
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